By Dee Power
 If you are dealing with mounting debt and old unpaid bills, you may be a candidate for debt settlement. Some individuals have found it to be the best way to get out from under a large amount of debt. Debt settlement is most successful with unsecured debt such as credit cards, medical bills, and store credit. It is not as effective with secured debt such as a car loan because the asset the debt is secured against, in this case the car, will be repossessed, if the loan isn't paid in full. And of course debt settlement is not at all appropriate with mortgages.
You should consider this alternative when you find that you are unable to keep up with current credit card payments or have credit cards that are frequently over limit. Once these things start to occur, it is very difficult to break the cycle. Over the limit fees, late charges, and other fees start to kick in and increase your debt total.
Debt settlement is just that: settling your debt with each of your |
|
Read more...
|
By Michael D. Strauss
 Credit is an equity that you can't afford to lose. Unfortunately, if you don't have credit, it's almost impossible to build it, and if you have bad credit, trying to recover your good standing may be one of the most difficult life challenges you ever face.
One option that may be valuable to you in the hard fought battle to obtain/restore your good credit is a prepaid credit card.
What is a Prepaid Credit Card?
It works like any major credit card and is accepted at the same locations. The biggest difference is that you are not using a fixed line of credit which you are 'borrowing' from the credit card provider based, essentially, on the equity of your name... your identity. (Who you are is representative of the assets you hold.)
With a prepaid credit card, you are extended a credit line based on one of your most solid assets... your actual cash on hand. It works much the same as depositing money into a checking account and using checks to make purchases, but with a prepaid credit card |
|
Read more...
|
|
|
<< Start < Prev 11 12 13 Next > End >>
|
| Results 71 - 77 of 85 |
